Fidelity Bank Plc has released its results for the half year ended June 2018. Here are highlights of the result.
Gross Earnings increased from N85.8 billion in 2017 to N88.9 billion in 2018.This represents a 3.6% increase year on year.
Profit Before Tax
Profit Before tax increased from N10.2 billion in 2017 to N13.1 billion in 2018. This amounts to a 28.4% increase year on year.
Profit After Tax
Profit after tax also increased from N9 billion in 2017 to N11.8 billion in 2018. This represents a 31% increase year on year.
Earnings Per Share
Earnings per share increased from N0.31 in 2017 to N0.41 in 2018. This amounts to a 32.1% increase year on year.
Current Share Price
Fidelity Bank is currently trading at N1.70 in today’s trading session on the Nigerian Stock Exchange (NSE).